The sector conveyor is growing by 3% faster than German machinery industry - Quest Industry Report

Nine years after the global economic crisis, the production level of conveyor and mechanical engineering industry is at the same level - just below the pre-crisis level of 2008.

The Quest industry report compares production and sales of the sector conveyor with the entire machinery industry from 2008 to 2017. This long-term comparison clearly reveals the special features of the industry.

In the global economic crisis, the decline in production of conveyor took longer than in mechanical engineering industry. Conveyor’s production did not climb out of the crisis low until 2011 but remained behind the growth of mechanical engineering until 2013. It was not until 2014 that production of conveyor began to grow again. By 2017 it had exceeded the growth in production in machinery industry by 3%.

Both conveyor and machinery industry remained slightly below their pre-crisis levels of 2008 until 2017.

In a comparison of sales with those of machinery industry, the conveyor sector performed better. As the Quest industry report outlines, using data from the Federal Statistical Office, sector sales grew by 5% more strongly than those of mechanical engineering in the period from 2014 to 2017.

In 2017, sales in conveyor were 22% and in mechanical engineering 9% higher above their pre-crisis level.

The source of the stronger sales growth of conveyor is foreign sales. Between 2014 and 2017, foreign sales of conveyor grew by 9% more strongly than those of mechanical engineering and were 33% above their pre-crisis level in 2017.

In 2017, conveyor also succeeded in increasing domestic sales by 10% over their pre-crisis level, while domestic sales in mechanical engineering remained below this level.

The Quest industry report is available on https://www.quest-trendmagazine.com/en/machinery-industry/conveyor/produktion-und-umsatz-foerdertechnik.html

About Quest Trend Magazine:
Quest Trend Magazine publishes trends in automation from the users's point of view mainly in machinery industry, automotive and F&B industry. The economic backdrop of these trends is highlighted as well.

The trends in automation technology are based on market surveys by Quest TechnoMarketing. The economic backdrop is analyzed by Quest Research, a department of Quest TechnoMarketing.

About Quest TechnoMarketing:
Quest TechnoMarketing, Bochum, London, is specialized in market surveys and marketing for the automation technology for more than 20 years and the publisher of the Quest Trend Magazine.

Thomas Quest
Quest Trend Magazine
Dibergstr. 64
44789 Bochum, Germany
Phone +49 234-34777
Fax +49 234-33 22 02
Email: media@quest-trendmagazine.com
Internet: https://www.quest-trendmagazine.com

Quest TechnoMarketing
Thomas Quest
Dibergstr. 64
44789 Bochum, Germany
Phone +49 234-34777
Fax +49 234-33 22 02
Email: media@quest-technomarketing.com
Internet: https://www.quest-technomarketing.com

This release was published on openPR.